Pitching for a non-restrictive regulation in the financial sector, Prime Minister’s key economic advisor C Rangarajan has said too many norms can impede financial innovations. “Too little regulation may encourage financial instability, but too much of it can impede financial innovations which are badly needed,” he said at the Annual Banking Summit organised by Assocham […]
The rupee on Monday strengthened by 90 paise to trade at four-week high of 62.58 against the dollar at the Interbank Foreign Exchange market on increased capital inflows and dollar selling by exporters. The rupee had settled at 63.48 against the dollar on Friday, up marginally by two paise over previous day’s close. Traders said […]
The S&P BSE benchmark Sensex trimmed early gains but was still quoted higher by 213 points in late morning trade on Monday amid buying in banking, capital goods, auto, power and PSU scrips. The BSE-30 share barometer Sensex resumed higher at 19,997.38 and firmed up further to 20,086.43 points on renewed buying as market regulator […]
Mutual funds lost more than 13 lakh investors, measured in terms of individual accounts or folios, in the first four months of the current fiscal, mainly due to profit booking and various merger schemes. According to market regulator Sebi’s data on total investor accounts with 44 fund houses, the number of folios fell to around […]
Overseas investors have pumped in nearly Rs 6,000 cr in the Indian capital markets in a fortnight ended 13th Sep, mainly on the back of new RBI Governor Raghuram Rajan announcing various measures to boost the depreciating local currency and revive economic growth. Inflows in equities were about Rs 6,372 crore (USD 966 million) during […]
The government is expected to raise import duty on refined edible oil to 10 percent, from 7.5 percent at present, to protect the domestic oil refining industry. A Cabinet note regarding this has already been circulated by the Food Ministry, sources said. The move is aimed at protecting domestic players who are into refined edible […]
In the wake of falling global prices of precious metals, the government has further slashed the import tariff value of gold and silver to USD 432 per 10 grams and USD 736 per kg, respectively. Tariff value is the base price at which the customs duty is determined to prevent under-invoicing. Till last week, the […]
Mumbai : The corporate office of the Bombay Bullion Association Limited (BBA) was inaugurated in a grand ceremony here on Saturday at Zaveri Bazaar. Mr Rajnath Singh, President of Bharatiya Janata Party unveiled the newly refurbished corporate office of the BBA. Mr Ashish Shelar, President – Mumbai, Bharatiya Janata Party, Ms Poonam Mahajan, were also […]
Petrol prices were on Friday hiked by Rs 1.63 per litre, the seventh increase since June, on rising oil rates and falling rupee. The increase excludes local sales tax or VAT and will be effective midnight tonight, oil firms said. The petrol price in Delhi will go up by Rs 1.96 to Rs 76.06 per […]
In choppy trade, the Sensex on Friday fell 49 points to close at 19,732.76 as Prime Minister’s key advisor slashed the GDP growth forecast for this fiscal and said the current stance of monetary policy should be continued until stability in the rupee is achieved. Edgy global stocks ahead of US retail sales and consumer […]
1. Steve Lesnard Takes on New Challenges at Godiva and Strengthens Leadership at Guayakí Yerba Mate
1. Kaveri Unveils SS24 Collection: Paint Me a Picture – A Celebration of Art Through Fashion
2. Elevate Your Summer Style with OG&Co’s Sustainable Luxury Fashion Extravaganza
3. The unstoppable Ananya Panday gets candid in Femina’s April 2024 Issue
1. Steve Lesnard Takes on New Challenges at Godiva and Strengthens Leadership at Guayakí Yerba Mate
3. This Summer enjoy authentic Punjabi delights at the Rajinder Da Dhaba Food festival